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In a release sent to Rigzone this week, GlobalData revealed the latest updates to its financial adviser league table, which the company highlighted ranks advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the oil and gas sector.
A table showing the top 10 oil and gas sector M&A financial advisers by total deal value and volume from the first to the third quarter of 2023, which was included in the release, showed that Morgan Stanley took top spot in terms of value, with $53.7 billion worth of deals, while RBC Capital Markets ranked first in terms of volume, with 29 deals.
During the same period last year, Morgan Stanley ranked in 16th place in terms of value, with $5.2 billion worth of deals, while RBC Capital markets ranked in first in terms of volume, with 22 deals, the table showed.
Goldman Sachs ranked second in terms of total deal value from the first to the third quarter of 2023, with $43.8 billion worth of deals, and Bank of America ranked third, with $34.4 billion worth of deals, according to the table. In terms of total deal volume from the first to the third quarter of 2023, JP Morgan ranked second with 16 deals, while Evercore ranked third with 14 deals, the table revealed.
“Morgan Stanley was the was only adviser to surpass $50 billion in total deal value during Q1-Q3 2023,” Aurojyoti Bose, a Lead Analyst at GlobalData, said in the release.
“There was a massive jump in the total value of deals advised by it during Q1-Q3 2023 compared to Q1-Q3 2022,” Bose added.
“Of the 12 deals advised by Morgan Stanley during Q1-Q3 2023, eight were billion-dollar deals, which also included one mega deal valued more than $10 billion. Involvement in these big-ticket deals helped Morgan Stanley top the chart by value. Apart from leading by value, it also occupied the sixth position by volume during Q1-Q3 2023,” Bose stated.
“Similarly, RBC Capital Markets, apart from leading by volume, also occupied the fourth position by value, as it also managed to advise on some big-ticket deals. RBC Capital Markets advised on 10 billion-dollar deals during Q1-Q3 2023,” the GlobalData analyst went on to note.
In a separate release sent to Rigzone back in August, GlobalData included a table showing the top 10 oil and gas sector M&A financial advisers by total deal value and volume during the first half of 2023.
That table showed Morgan Stanley in first place in terms of value, with $34.3 billion, followed by Goldman Sachs, with $29.7 billion, and Bank of America, with $27.0 billion. In terms of deal volume, the table revealed that JP Morgan and RBC Capital Markets topped the table with 13 deals each, followed by Bank of America, Evercore, Jefferies, and Barclays, which each had eight deals.
“JP Morgan was among the only two advisers with double-digit deal volume in H1 2023,” Bose said in GlobalData’s August release.
“Moreover, it registered an improvement in deals volume in H1 2023 compared to H1 2022, which helped it improve its ranking by volume as well. JP Morgan went ahead from occupying the fifth position by volume in H1 2022 to top the chart by this metric in H1 2023,” Bose added.
“Similarly, Morgan Stanley also witnessed a significant jump in deal value in H1 2023 compared to H1 2022. Resultantly, it went ahead from occupying the 15th position by value in H1 2022 to top the chart by this metric in H1 2023,” Bose continued.
In another release sent to Rigzone in April, GlobalData included a table showing the top 10 oil and gas sector M&A financial advisers by total deal value and volume during the first quarter of 2023.
This table showed Evercore in first place in terms of value, with $7.2 billion, followed by RBC Capital Markets, with $6.8 billion, and Citi, with $4.2 billion. In terms of deal volume, the table revealed that RBC Capital Markets topped the table with seven deals, followed by Barclays and Jefferies with five deals each.
“RBC Capital Markets occupied the top position by volume as well as value in Q1 2022,” Bose said in GlobalData’s April release.
“However, although it managed to retain its leadership position by volume in Q1 2023 but lost the top position by value to Evercore. RBC Capital Markets witnessed decline in both deals volume and value but the impact was more prominent in terms of value,” Bose added.
“Meanwhile, Evercore registered a 25.8 percent growth in deal value in Q1 2023 compared to Q1 2022. Resultantly, it went ahead from occupying the seventh position by value in Q1 2022 to top the table by this metric in Q1 2023,” Bose continued.
To contact the author, email andreas.exarheas@rigzone.com
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